Looking into investing and need some assistance? Confused with the investing world? With a Bachelor in Finance, business Resource Advisor, Budgeting Officer, and a passion for increasing the wealth of others I have conducted hours of research to locate the best possible web-based resource to assist me with my investing options and to guide others in a direction to flourish with their investments. I have personally found that beginning to invest can be confusing if you are unaware of how investing works. Starting out in investing can be confusing and very costly. Through all my research I found the best resource for new investors and even seasoned investors: Yahoo! Finance.
Yahoo! Finance is by far the top free investment resource on the internet where you can find everything you would need to know to invest and what to invest in to make the most from your dollar. In just the last 6 months of using Yahoo! Finance as my investment resource I have made over $6,000 on my investments by watching what’s available in the stock market.
1. “Learn the Basics of Investing”
As I stated previously, learning what it all means and where to start is the first step in making the most out of your dollar. For those new investors do what I did and check out the Yahoo! Finance guide: Learn the Basics of Investing. Before I found Yahoo! Finance I spent nearly $200 on books like Investing for Dummies and One Up on Wall Street. After reading all these publications I was still lost on exactly what to invest and how to properly invest my money. So I contacted a broker and they were going to cost and arm and leg to broker my money. Don’t waste the money you can use to invest. On Yahoo! Finance you can get all these easy to read and understand services for free to help guide you in how to invest your money. I personally started learning about investments by reading Getting Started in Investing and Advice for a Novice on Yahoo! Finance. Once I learned the basics and where to invest I spent the remaining part of my time learning the basic concepts and strategies and taking advantage of the free investment tips. All these free services can easily cost someone $500 to $1000 in publications or broker services. I took that into consideration and saved that money, learned everything on Yahoo! Finance that I could, and then invested that money on my first stock options. I doubled my money in 2 weeks.
2. Staying Up-dated
After I learned the basics I utilized all the other free resources on Yahoo! Finance to stay updated on my investments to make the most out of my dollar. Every morning I spend no more than 10 minutes, while drinking my coffee, reviewing the market overview and market stats to see how the market is doing. I also look at the stocks, mutual funds, bonds, and Exchange-Traded Funds (ETF) Center to see what it is doing well. Once I feel comfortable with an investment based on the market activity I invest. If I see one of my investments falling I pull the investment and re-invest in another strong investment. If I see negative market stats for a short period of time I look into other investment options that will keep my money safe. In other words, I use Yahoo! Finance as a free tool to broker my own investments. This is how I saved money out of my own pocket and made $6000 on my dollar. You can to with Yahoo! Finance.